The U.S. Securities and Exchange Commission (SEC) has approved the first Ethereum (ETH) spot Exchange-Traded Fund (ETF), leading to significant market excitement and bullish sentiment among investors. This approval, which is expected to result in massive Wall Street inflows, marks a pivotal moment for the Ethereum ecosystem. The SEC has accelerated the approval process, with S-1 amendments due by Friday, influenced by political factors and liquidity considerations. The approval has already caused Ethereum's price to skyrocket since May 20th, driven by high positive sentiments among crypto enthusiasts. Major financial institutions are expected to start buying ETH in large quantities, further driving up its price. However, some analysts, including JPMorgan, suggest that demand for Ether spot ETFs may be lower compared to Bitcoin versions. Despite this, the overall sentiment remains highly positive, with expectations that the ETFs will start trading earlier than anticipated in June. Additionally, uncertainty about potential Mt. Gox BTC supply and large buyers of 4k/5k ETH Call Spreads for end of June 2024 are influencing market dynamics.
OPINION: The approval of spot ETH ETFs without staking raises some concerns By @jmmognetti of @CoinSharesCo https://t.co/YZRgMsTn9a
Ethereum spot ETFs clarify Ether's commodity status, but what about staked ETH? The SEC’s approval excludes staking, leaving regulatory uncertainty. Read more: https://t.co/xcUlDWvcxR https://t.co/cO9AdqMYvC
Anticipation of Ethereum ETF approvals in June can propel ETH above $4K, with whales accumulating, bullish sentiment rising. https://t.co/vano5iZTsE https://t.co/cHL1NBHZ9k
ETH Spot ETF Has Been Approved Whales Are Accumulating ETH ETH to 5-digits is programmed this cycle!🔥 https://t.co/5PHZxCOfRU
QCP: Bearish BTC - potential supply from Mt. Gox distribution (~$9.6b) and also from DMM hack (~$305m). Bullish ETH - ETH spot ETFs could start trading earlier than expected in June with the SEC urging applicants to submit S-1 forms by 31 May. A sleepy market may get caught…
SEC Approves Listings of Spot Ether ETFs: Waiting is the Hardest Part https://t.co/394txULLc4 | by @Mayer_Brown
BULLISH AF $ETH https://t.co/zLbnPC3kwG
Have been getting questions on $ETH price expectations given the activity in ETH ETF S-1 filings and last week's 19b-4 approvals. Looking backwards at BTC price action around, before, and after the launch of #bitcoin ETFs for some clues. https://t.co/IuPQfqxPfP
The approval of spot #Bitcoin and #Ether ETFs has TradFi executives bullish on the future of derivatives in #crypto. https://t.co/R86FcjQz3E
With Ether ETFs in the Works, How Else Might the SEC Pivot on Crypto? After some big losses for Gary Gensler’s SEC, 🔍 lawyer Jason Gottlieb (@ohaiom) explores on @Unchained_pod: 🗳️ How political events are influencing the SEC’s crypto agenda 😶🌫️ The implications of a possible… https://t.co/ecEfqQa6jC
The approval of an #Ethererum spot ETF in the U.S. was a political decision says @JSeyff of @Bloomberg https://t.co/jgn2SMYOVa via @cryptonews from @consensus2024 #Consensus2024
The approval of an #Ethererum spot ETF in the U.S. was a political decision says @JSeyff of @Bloomberg https://t.co/jgn2SMYOVa via @cryptonews
BULLISH AF $ETH All of the major world banks and financial instituations will now starting buying $ETH in a FRENZY after the SEC blessed the ETF applications and approved the ETF. The race is now on for $ETH 🚀🚀 https://t.co/rd5XaENl0E
BULLISH AF $ETH All of the major banks and financial instituations will now starting buying $ETH in a FENZY after the SEC blessed the ETF applications and approved the ETF. The race is now on for $ETH 🚀🚀 https://t.co/rd5XaENl0E
Will the ETF effect last long? 🤔 #Ethereum’s price has skyrocketed since May 20th due to high positive sentiments among crypto enthusiasts, who were all waiting for the ETF approval to happen before May 30th, which actually did happen. https://t.co/nPEHLFPW5Q
Will the $ETF effect last long? 🤔 #Ethereum’s price has skyrocketed since May 20th due to high positive sentiments among crypto enthusiasts, who were all waiting for the ETF approval to happen before May 30th, which actually did happen. https://t.co/nO6smqV7mp
Every moment that an ETF is officially inevitable but not yet approved is bullish for ETH Imho this is why Gensler is pushing staffers to move fast for expedited S-1 approval https://t.co/m4Q3IuGupK
Breaking: The @SECGov is accelerating the approval process of the Ethereum ETF. Listing expected next week. @SECGov says S-1 Ethereum ETF Amendments due Friday. Source->https://t.co/oXnDQoDH4a Why? - Political factors - the election means change in leadership. - Liquidity…
Breaking: The @SECGov is accelerating the approval process of the Ethereum ETF. @SECGov says S-1 Ethereum ETF Amendments due Friday. Source->https://t.co/oXnDQoDH4a Why? - Political factors - the election means change in leadership. - Liquidity injection factors - QE…
[COINDESK] #Ether Spot ETFs to See Much Lower Demand Than #Bitcoin Versions, JPMorgan Says $JPM
Still hard to digest how bullish the last few weeks were for $COIN and $ETH and the blockchain space. - The first $ETH ETF approval signals massive Wall Street inflows & a deep dive into the Ethereum ecosystem by the Street. Ethereum will be the backbone and oil of the new…
The approval of spot $ETH ETFs is an interesting example of how regulatory decisions and market expectations interact. From low approval odds to market excitement, then resolution and profit-taking, we see the complex dynamics of crypto markets. https://t.co/IlTqDZ7eVx https://t.co/9RSn8G3Ybd
[QCP] Uncertainty about potential Mt. Gox #BTC supply hitting the market by October could hinder $BTC but benefit #ETH with the $ETH Spot ETF launch. Bullish sentiment in ETH is observed, with large buyers of 4k/5k ETH Call Spreads for end of June 2024